Revenue and Customers (Tables)

3 Months Ended

Mar. 31, 2024

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue by Rig Types

The following table provides information about contract drilling services revenue by rig types:

	Three Months Ended March 31,
	2024		2023
Floaters	$	494,467	$	476,234
Jackups	117,958		99,056
Total	$	612,425	$	575,290

Schedule of Contract Assets and Contract Liabilities

The following table provides information about contract assets and contract liabilities from contracts with customers:

	March 31, 2024		December 31, 2023
Current customer contract assets	$	5,288	$	4,208
Noncurrent customer contract assets	169		208
Total customer contract assets	5,457		4,416
Current deferred revenue	(24,458)		(19,679)
Noncurrent deferred revenue	(35,317)		(23,393)
Total deferred revenue	$	(59,775)	$	(43,072)

Significant changes in the remaining performance obligation contract assets and the contract liabilities balances for the three months ended March 31, 2024 and 2023, are as follows:

	Contract Assets		Contract Liabilities
Net balance at December 31, 2023	$	4,416	$	(43,072)
Amortization of deferred costs	(2,707)		—
Additions to deferred costs	3,748		—
Amortization of deferred revenue	—		7,208
Additions to deferred revenue	—		(23,911)
Total	1,041		(16,703)
Net balance at March 31, 2024	$	5,457	$	(59,775)
Net balance at December 31, 2022	$	11,537	$	(59,797)
Amortization of deferred costs	(5,433)		—
Additions to deferred costs	6,826		—
Amortization of deferred revenue	—		19,048
Additions to deferred revenue	—		(13,813)
Total	1,393		5,235
Net balance at March 31, 2023	$	12,930	$	(54,562)

	Unfavorable contracts		Favorable contracts
Balance at December 31, 2023	$	(50,863)	$	10,128
Amortization	23,114		(2,761)
Balance at March 31, 2024	$	(27,749)	$	7,367
Balance at December 31, 2022	$	(181,883)	$	34,372
Amortization	60,689		(6,961)
Balance at March 31, 2023	$	(121,194)	$	27,411

Estimated future amortization over the expected remaining contract periods:

	For the Year Ended December 31,
	2024		Total
Unfavorable contracts	$	27,749	$	27,749
Favorable contracts	(7,367)		(7,367)
Total	$	20,382	$	20,382